Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee
Department of Industries and Commerce, Government of Rajasthan · Central government
The Rajasthan scheme funds MSMEs for new establishments, expansion, diversification, or modernisation, offering extra interest subsidy over RIPS 2024 and 100% reimbursement of Annual Credit Guarantee Fees.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
The Department of Industries and Commerce, Government of Rajasthan, operates this scheme under the Rajasthan MSME Policy 2024. It provides an additional interest subsidy on top of the RIPS 2024 and reimburses the annual credit guarantee fee for collateral-free loans. The objective is to support the creation of new Micro, Small, and Medium Enterprises (MSMEs) and the expansion, diversification, or modernisation of existing units, thereby generating new employment opportunities across the state.
The scheme remains in effect until March 31, 2029. The Office of the Commissioner, Industries & Commerce, oversees implementation at the state level, while District Industries & Commerce Centres carry out execution.
Who can apply
- Eligible business forms
- Private limited company, Limited liability partnership, One person company, Partnership firm, Sole proprietorship
- Udyam registration
- Not specified
- MSME registration
- Required
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- Rajasthan
- Interest subvention subsidy must have been approved for the applicant under RIPS 2024. - Beneficiary enterprise must fall under one of the following categories: - One District One Product (ODOP) enterprises in their respective districts. - Enterprises owned by Scheduled Caste (SC), Scheduled Tribe (ST), or women entrepreneurs. - Young entrepreneurs in the state aged 18 to 45 years, starting a new enterprise with a maximum loan amount of up to ₹10 crore. - Establishment of new MSMEs, or expansion, diversification, or modernisation of existing MSMEs, in Area Category 3 as defined in RIPS 2024.
How to apply
- **Step 1:** Obtain the application form (Annexure 1.1) from the official website or the designated link. - **Step 2:** Complete every required field in the form and enclose self-attested copies of all supporting documents. - **Step 3:** Submit the signed and completed application, together with the documents, to the General Manager, District Industries & Commerce Centre (DICC) for loans up to ₹10 crores, or to the Commissioner, Industries & Commerce, for loans exceeding ₹10 crores. - **Note:** Submission of applications must occur within 6 months of the approval of interest subvention under RIPS 2024. The approval committee may condone delays of up to 6 months if valid reasons are provided.
How applications are assessed
Applications for loans up to ₹10 crores are assessed by the District Level Task Force Committee (DLTFC), while those exceeding ₹10 crores are reviewed by the High-Level Task Force Committee (HLTFC). Both committees function under the chairmanship of the Commissioner of Industries and Commerce, Government of Rajasthan. After approval, applicants may claim their quarterly subsidy and reimbursement by submitting a CA Certificate (Annexure 1.2) to the concerned GM, DICC, who is authorised to release the sanctioned amount.
Frequently asked questions
What is the primary objective of this scheme?
The scheme aims to generate fresh employment across all sections of society in Rajasthan while simplifying the setup of new enterprises and the expansion, diversification, or modernisation of existing MSMEs.
Who implements this scheme?
The scheme is executed by the District Industries & Commerce Centres (DICCs) in their respective districts, with oversight from the Department of Industries & Commerce. At the state level, the Office of the Commissioner, Industries & Commerce, serves as the nodal agency.
What are the main financial benefits provided?
The scheme provides an additional interest subsidy of 0.5% to 2% over RIPS 2024 on term loans for plant and machinery, up to ₹50 crore. For loans below ₹5 crore, it reimburses 100% of Annual Credit Guarantee Fees paid to MLIs under CGTMSE for seven years.
What is the application deadline?
Applications must be submitted within 6 months of interest subvention approval under RIPS 2024. The approval committee may condone a delay of up to 6 months if valid reasons are provided.
Which categories of entrepreneurs are specifically prioritized?
The scheme gives priority to ODOP enterprises, businesses owned by SC/ST or women entrepreneurs, and young entrepreneurs aged 18–45 who are starting new ventures, with loans up to ₹10 crore.
Sectors
- Msme
- Rajasthan
- Interest Subsidy
- Credit Guarantee
- New Enterprise
- Expansion
- Modernization
Details last verified on 3 August 2026. Source: the issuer's published information.